Sports Protective Equipment Market is Projected to Grow Expeditiously: to Reach USD 12.7 Billion by 2033, Report

According to a new report published by Allied Market Research, titled, "sports protective equipment market" was valued at $6.7 billion in 2023, and is projected to reach $9.4 billion by 2033, growing at a CAGR of 3.5% from 2024 to 2033.

Sports protective equipment market trends are expected to be progressive over the next few years. LAMEA is expected to witness the highest growth rate, owing to the increase in popularity of sports such as baseball and basketball in Brazil.

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The sports protective equipment market is segmented by product type into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, and chest protectors & gloves. Among these, the product segment comprising pads, guards, chest protectors & gloves accounted for the largest sports equipment market size, by value, owing to the extensive penetration of these equipment in diverse sports such as ice hockey, football, cricket, baseball, and other sports. The protective eyewear product segment follows the pads, guards, chest protectors, & gloves segment, in terms of the sports protective equipment market size, owing to its rapid adoption among recreational users and other sports enthusiasts as a fashion trend.

North America accounted for over 35% of the sports protective equipment market share and is anticipated to maintain its dominance throughout the forecast period. Sports protective equipment market analysis has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for UK, Germany, France Italy, and rest of Europe.

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The prevalence of sports culture and high per capita income has led to higher adoption of sports protective equipment in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India, and the rest of Asia-Pacific. Japan, China, and Australia are the leading markets for sports protective equipment in the region.

Key Findings of the Sports Protective Equipment Market:

North America generated the highest revenue in 2023.
LAMEA is anticipated to witness the highest growth from 2024 to 2033.
The product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated over 50% of the overall market sales in 2023.
In terms of market by area of protection, head & face protective equipment is projected to be the leading segment over the forecast period.

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Leading players profiled in the report include Adidas AG

Nike Inc.

Under Armour Inc.

Puma SE

Amer Sports Corporation

Asics Corporation

Vista Outdoor

BRG Sports

Xenith

Shock Doctor (Bregal Partners)

Key Findings of the Sports Protective Equipment Market:

North America generated the highest revenue in 2023.
LAMEA is anticipated to witness the highest growth from 2024 to 2033.
The product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated over 50% of the overall market sales in 2023.
In terms of market by area of protection, head & face protective equipment is projected to be the leading segment over the forecast period.

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